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An announcement from ZTE ( (HK:0763) ) is now available.
ZTE Corporation has announced a plan to repurchase its A shares, with an allocation of between RMB1,000 million and RMB1,200 million for this initiative. The repurchase aims to support the company’s employee share ownership schemes and share incentives, enhancing long-term shareholder value and operational sustainability. The company has outlined a risk of uncertainty in the repurchase plan, including potential price cap issues and regulatory compliance challenges. This move is part of ZTE’s strategy to maintain its operational health and safeguard investor interests.
The most recent analyst rating on (HK:0763) stock is a Hold with a HK$39.00 price target. To see the full list of analyst forecasts on ZTE stock, see the HK:0763 Stock Forecast page.
More about ZTE
ZTE Corporation is a leading telecommunications equipment and systems company based in China. It specializes in providing a wide range of products including wireless, exchange, access, optical transmission, and data telecommunications gear, as well as mobile phones. The company is focused on expanding its market presence in the global telecommunications industry.
Average Trading Volume: 35,266,716
Technical Sentiment Signal: Buy
Current Market Cap: HK$211.9B
See more data about 0763 stock on TipRanks’ Stock Analysis page.